with all this talk of another recession, much worse than the 2008 recession, i just want to know how it will affect our rand?
will the Rand be affected just as much as the Dollar or will we escape relatively unscathed?
with all this talk of another recession, much worse than the 2008 recession, i just want to know how it will affect our rand?
will the Rand be affected just as much as the Dollar or will we escape relatively unscathed?
A “conspiracy theory” no longer means an event explained by a conspiracy. Instead, it now means any explanation, or even a fact, that is out of step with the government’s explanation and that of its media pimps.
I do not believe that we have recovered from the previous recession. There were the odd flashes, but no growth since 2008.
Fact is, our economy is so small, it is influenced by the slightest rumour in world markets.
Africa's total GDP is about 2 % of the world output and South Africa is no longer the major economy in Africa, thanks to years of pillaging and mismanagement by the ruling party.
Excellence is not a skill; its an attitude...
"If the US Dollar falls" against what?
Strange thing, the USD; it's viewed as a safe haven currency. With the recessions in my lifetime, the USD has tended to strengthen against other currencies even when it is a US economy led recession... (Think sub-prime crisis in particular as a stand-out example).
And then the Rand - eish!
There are so many forces in play, it's a bobbing cork in a stormy ocean.
Trying to figure out short-term movements is stressful and best I can tell precious few are consistently good at it. I suggest look for the long term trends and factor that into your strategy - you'll stand a far better chance of making the right strategy calls.
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pls watch/listen to this:
https://www.youtube.com/watch?v=YjgWt1Y3kFY
A “conspiracy theory” no longer means an event explained by a conspiracy. Instead, it now means any explanation, or even a fact, that is out of step with the government’s explanation and that of its media pimps.
sorry- double post
A “conspiracy theory” no longer means an event explained by a conspiracy. Instead, it now means any explanation, or even a fact, that is out of step with the government’s explanation and that of its media pimps.
The world economy is controlled by the top 1% who are hoarding the money, in stead of bringing it back into circulation.
Economics works like a merry go round; you put in a coin, do a rotation and earn a coin or two. You keep your one coin and deposit the coin that you have won and the process repeats itself. (Buy raw material, add value and earn a markup) Or, that is how it should work. Money keeps flowing between consumer and supplier.
In the real world, the behemoth companies and top 1% do not re-invest, but keep their profits out of circulation to create a shortage. In this way they can manipulate money supply and stock markets to put pressure on governments to do whatever they dictate. Investment advisers of large corporate companies will keep telling you how rosy the horison is and will keep earning their fees while your shares are under performing.
I have found that by investing in your own business, one can earn more than the unrealised estimates and predictions made by the people selling investments without any accountability.
Excellence is not a skill; its an attitude...
also check this video out.
https://www.youtube.com/watch?v=AyZvyzdvhVo
12.3 mins long but VERY clear, simple and easy to understand
thats esp for Dave. hopefully he will see things differently.
A “conspiracy theory” no longer means an event explained by a conspiracy. Instead, it now means any explanation, or even a fact, that is out of step with the government’s explanation and that of its media pimps.
I think that this is interesting but just a side effect of a far more serious problem; namely: consumerism!Originally Posted by msmoorad
People seem to believe that they have to have the latest of everything and the way to pay for it is via credit. Credit costs money the credit providers are the ones raking in the money. Just STOP BUYING NEW $H1T ON CREDIT! No you don't need to have a R24K Apple cellphone and you don't need a new BMW every 3 years.
I am tired of the Victim attitude - just stop buying crap you don't need and refuse to pay high prices - If something is affordable then do without.
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